58-60 Victoria Avenue, Smiths Falls | Image 1

58-60 Victoria Avenue

Smiths Falls, 901 - Smiths Falls

  • Commercial

$649,000
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: C1

  • Age: No Data

  • Taxes: 3000

  • MLS®#: X11968288

  • Days on Site: 4 Days

  • Added: Feb 11, 2025 (1 month ago)

  • Updated:

  • Last Checked: 2 weeks ago

  • Listed By: RE/MAX HALLMARK REALTY GROUP

**Turnkey 5-Unit Investment Property in Prime Smiths Falls Location**An excellent opportunity to own a **recently renovated five-unit income property** in the heart of Smiths Falls! Perfectly positioned **right in front of the train station**, this location offers unmatched convenience for tenants and strong rental demand.This property is projected to generate a **gross income of $59,465 and a net income of $45,600**, making it a **high-yield investment** with solid cash flow. Two of the five units are **vacant and ready for you to set your own rents**, maximizing your returns from day one.With modern updates already completed, this **turnkey investment** is ideal for investors looking for a **low-maintenance, income-generating property** in a growing market. Don't miss outcontact us today for more details or to book a showing!

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Smiths Falls

  • Community: 901 - Smiths Falls

  • Availability Date: Flexible

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Forced Air Open

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes: $3,000

  • Expenses: Act

  • Insurance Fee: 2800

  • Hydro Expense: 3885

  • Heat Expenses: 2600

  • Taxes Type: Annual

  • Water Fees: 1580

Land

  • Cross Street: Cornelia St W to Vic

  • Municipality District: Smiths Falls

  • Parcel Number: 052690247

  • Lot Depth: 132 Feet

  • Lot Frontage: 60 Feet

  • Zoning: C1

Commercial Specific

  • Total Area: 2288

  • Total Area Metric: Sq Ft

  • Lot Code: Building

  • Gross Income/Sales: 52057

Very Walkable

  • Most errands can be accomplished on foot.
79 /100

Bikeable

  • Some errands can be accomplished on bike.
52 /100
Map of 58-60 Victoria Avenue, Smiths Falls
7-8

Hanley Hall Catholic Elementary School

Elementary: Catholic
0.77 km
7-8

St. Luke Catholic School

Elementary: Catholic
2.14 km
4-8

St Francis de Sales Separate School

Elementary: Catholic
0.44 km
JK-8

Duncan J Schoular Public School

Elementary: Public
0.95 km
JK-3

St James the Greater Separate School

Elementary: Catholic
1.42 km
JK-8

Chimo Elementary School

Elementary: Public
2.16 km
9-12

Hanley Hall Catholic High School

Secondary: Catholic
0.48 km
9-12

St. Luke Catholic High School

Secondary: Catholic
2.12 km
9-12

Perth and District Collegiate Institute

Secondary: Public
18.28 km
9-12

Carleton Place High School

Secondary: Public
27.33 km
9-12

St John Catholic High School

Secondary: Catholic
18.57 km
9-12

Smiths Falls District Collegiate Institute

Secondary: Public
2.26 km

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